French judge and the investigating magis1 picture

French judge and the investigating magistrate on the complaint by banking giant Societe Generale against French trader Jerome Kerviel, Renaud Van Ruymbeke arrives for a hearing at the financial investigation unit of the Paris...More

French judge and the investigating magistrate on the complaint by banking giant...French judge and the investigating magistrate on the complaint by banking giant Societe Generale against French trader Jerome Kerviel, Renaud Van Ruymbeke arrives for a hearing at the financial investigation unit of the Paris courthouse, on October 13, 2008. Kerviel, accused of causing multi-billion-euro losses, allegedly abused his bosses' trust and exploited holes in the bank's security system, was charged in August 2008 with 'complicity to fraudulently insert data into a computer system.' One of his lawyers said on October 12, 2008, that Kerviel's fictitious operations were validated by the bank's accountants despite alerts on their validity.LessMore